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Voice User Interface Market Study Offering Insights On Latest Advancements, Trends And Analysis From 2023 To 2032
Voice User Interface Global Market
The Business Research Company's Voice User Interface Global Market Report 2023 identifies rise in the usage of artificial intelligence as the major driver for the Voice User Interface market's growth in the forecast period. Artificial intelligence describes how machines mimic human intelligence. The VUI uses AI technology to enable users to communicate with various devices. The voice AI trend is gaining popularity due to various third-party platforms as it offers an improved customer experience. As a result, more companies include the use of AI technology as part of their growth strategy, which is in turn driving the voice user interface market.
The global voice user interface market size is expected to grow from $17.32 billion in 2022 to $20.99 billion in 2023 at a compound annual growth rate (CAGR) of 21.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The voice user interface market size is expected to grow to $45.56 billion in 2027 at a CAGR of 21.4%.
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Major competitors in the Voice User Interface market are Apple Inc., Advanced Voice Recognition Systems Inc., Amazon.com Inc., Baidu Inc., Meta Platforms Inc., SoundHound Inc., CastleOS, Alphabet Inc., International Business Machines Corporation, Samsung Electronics Co.
A key trend in the Voice User Interface market includes Technological advancement. Major companies operating in the market are focused on innovating new products, such as the Logitech VoiceMouse m380 wireless mouse with speech recognition technology.
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https://www.thebusinessresearchcompany.com/report/voice-user-interface-global-market-report
The Voice User Interface market is segmented -
1) By Product: Solution, Service
2) By Technology: AI-Based, Non-AI Based
3) By Application: Smart Speakers, Interactive Voice Response, On-Premise Solutions, Cloud Solutions, Voice-Controlled Devices, Smartphones And Tablets, Other Applications
4) By Industry Vertical: BFSI, Retail And Ecommerce, Consumer Electronic, Automotive And Transportation, Healthcare And Life Science, Travel And Hospitality, Government And Defense Sector, Other Industry Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Voice User Interface market.
The Business Research Company's "Global Voice User Interface Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Voice User Interface Market Include:
1. Executive Summary
2. Voice User Interface Market Characteristics
3. Voice User Interface Market Trends And Strategies
4. Voice User Interface Market - Macro Economic Scenario
5. Voice User Interface Market Size And Growth
……
27. Voice User Interface Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Voice User Interface Market
29. Voice User Interface Market Future Outlook and Potential Analysis
30. Appendix
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